Electricity Distribution Companies in Nigeria generated N597.55 billion from consumers in the first quarter of 2026.
This is according to the latest industry data released by the Nigerian Electricity Regulatory Commission, which covers January to March 2026.
The NERC commercial performance factsheets show that the DisCos recorded N204.74 billion in January, N196.68 billion in February and N196.13 billion in March 2026, bringing the first-quarter total to N597.55 billion, averaging approximately N199.18 billion per month.
The NERC reports highlight varying levels of commercial efficiency across the 11 DisCos. While some companies showed improvements in billing and collection efficiencies in certain months, overall performance remained mixed, with notable revenue shortfalls recorded monthly.
In January, the DisCos had total billings of N268.20 billion but collected only N204.74 billion, leaving N63.46 billion in uncollected revenue for the month. Billing efficiency stood at 79.72 per cent, while collection efficiency was 76.34 per cent.
February 2026 saw total billings of N242.29 billion, with N196.68 billion collected. This resulted in N45.61 billion in uncollected bills. The month recorded better billing efficiency at 87.44 per cent and collection efficiency of 81.17 per cent.
In March 2026, billings totalled N246.43 billion, but collections stood at N196.13 billion, indicating N50.30 billion in uncollected revenue.
Billing and collection efficiencies were 83.89 per cent and 79.59 per cent, respectively, in the third month.
The reports also show significant unbilled energy each month.
Eko DisCo and Ikeja DisCo consistently ranked among the stronger performers in revenue recovery, with Eko achieving over 100 per cent recovery efficiency in February.
In contrast, companies such as Kaduna and Jos DisCos continued to struggle with lower collection and recovery rates. For instance, in February, Kaduna DisCo recorded a recovery efficiency of just 41.20 per cent, one of the lowest in the period.
